2012-11-21
2012-11-29
x CNBC

PROGRAM
Squawk on the Street 2
Squawk Box 1
The Kudlow Report 1
STATION
CNBC 4
DATE
Nov 27th (Tue) 2
Nov 26th (Mon) 2
Nov 28th (Wed) 1
LANGUAGE
English 4
TOPIC
geico 4
washington 4
bernstein 3
boehner 3
carl 3
cnbc 3
europe 3
garth 3
greece 3
ho 3
john boehner 3
london 3
new york 3
s&p 3
warren buffett 3
apple 2
( more )

Set Clip Length:

CNBC - The Kudlow Report
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Nov 27, 2012
CNBC
The Kudlow Report
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Nov 27, 2012


, ate days? >> yes, i do. it is interesting to me. lindsey graham peter king. they are all friends of ours. they are walk ago way from the pledge. i don't see what this hysteria. i can't pick up a newspaper and not see anybody blamie inine ii. this is ignoring any issues. i don't understand how the media plays this game. we made a commitment to the base that elected us. we said to the voters we will keep taxes low and not increase taxes. how dare anyone else keep us to the promises that got us ele elected. that the moment these people are are primed. they are going to be reaganites. the moment that they are challenged. >> i can tell you this. not one drop of revenue should be put on the table until we have massive across the board spending reductions and entitlement reform. that is what is missing. the gop should stand up and say not one drop of revenue until you show me good faith with the spending reduction you all talk about except when it comes time to do something about it. and step b is that the small business community should say not one pens penny until i know you are not g
CNBC - Squawk on the Street
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Nov 27, 2012
CNBC
Squawk on the Street
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Nov 27, 2012


for the good of the country only if democrats will do entitlement reform. >> senator lindsey graham this weekend on nbc. one of several senior republicans who say they will break ranks to reach a deal with the democrats. republican senator johnny isakson joins us this morning and has joined the norquist pledge. good morning to you. >> good morning. >> i don't want to make this a conversation only about grover because that seems to be all people want to talk about. i wonder if senator graham's comments and some others if you're beginning to really sense a turning of the tide here? >> well, first of all, you got to remember we have to talk about comprehensive tax reform and talk about spending cuts and talk about debt and deficit reduction. pulling out an isolated piece like raising rates or taking a mortgage interest deduction or whatever it may be, it doesn't serve a purpose. you have to look at the entire problem. if you don't do that, we're all dead. >> where does norquist fit in? has your own view on the pledge evolved? >> i'm not for increasing tax rates. i'm for reforming the c
CNBC - Squawk Box
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Nov 26, 2012
CNBC
Squawk Box
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Nov 26, 2012


's senator lindsey graham. >> i agree with grover, we should raise but he's wrong where you can't cap deductions and buy down debt. i want to buy down debt and i will violate the pledge, long story short for the good of the country only if democrat also do entitlement reform. >> you listen to what he has to say. steve you had an op-ed over the weekend. we talked about warren buffett's op-ed, the 30% for everybody over $1 million. you talked about raising the rate 28% is your personal number if you take it. you say from everything i'm reading it would not have a huge impact and the conversation we have constantly is look what's happening in the stock market. people are selling stock in advance what have they think may be exactly what you're talking about. >> you have to separate two things, people selling things because of the uncertainty in washington, different from the question if tax rates were higher, people would own stocks for less longer. i was reassured warren buffett who knows more than i do about investing said the same thing today that his behavior he's been operating for 6
CNBC - Squawk on the Street
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Nov 26, 2012
CNBC
Squawk on the Street
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Nov 26, 2012


graham of south carolina and then bob corker of tennessee. let's take a listen to their comments. >> i agree we shouldn't raise rates, but i think grover is wrong when it comes to we can't cap deductions and buy down debt. what do you do with the money? -- i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> i'm not obligated on the pledge. i made tennesseans aware that the only thing i'm honoring is the oath i take when i serve when i'm sworn in this january. >> now, of course, both of those republicans are in the senates, easier to get this done in the senate than in the house. john boehner has a job once he negotiates with the president and other leaders of getting it through that chamber. i talk to a senior staff level member on the democratic side today in the senate who predicted that we're likely to see a two-stage negotiation and two-stage result. the first by the end of the year would be about a $1 trillion beginning of the $4 trillion overall package and the rest would be legislated next year. we'll see whet

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